Crypto Tax Firm Koinly Lays Off 14% of Staff Amid Bear Market
UK-based crypto tax firm Koinly is letting go 14% of its global team, citing the need “to combat the challenging conditions facing the cryptocurrency market and economy at large.”.compounded by the collapse of the FTX crypto exchange last month.
Koinly isn't the only crypto firm to have slashed staff numbers amid the bear market, with cryptocurrency exchanges Bybit and Swyftx this week announcing job cuts of 30% and 35%, respectively. The move also follows a 225% expansion in Koinly’s headcount since the start of the year, which, according to the firm, was fueled by record growth.
Source
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